BROADCASTING CBS: Erases Its Place in Print

Erases Its Place in Print

Should a premier broadcaster also try to be a major power in the print field? Apparently not in the opinion of Laurence Tisch, who became chief executive of CBS last September and has since been slicing away operations not related to broadcasting. The process accelerated last week, when CBS agreed to sell its magazine group to four division executives for $650 million. Among the 21 CBS titles: Woman's Day, Car and Driver and Stereo Review.

As part of the sale, CBS will unload the magazines it bought from Ziff-Davis in 1985 for $362.5 million. CBS was criticized for overpaying for those...

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